U.S. charges another ex-JPMorgan executive with alleged market manipulation

REUTERS

The Department of Justice has charged another former JPMorgan Chase & Co executive with alleged racketeering and manipulating precious metals prices between 2008 and 2016, the latest in a string of similar prosecutions.

The case relates to spoofing, which involves placing bids to buy or offers to sell contracts with the intent to cancel them before execution, allowing spoofers to influence prices. In recent years there has a been a surge in spoofing related prosecutions in the United States by the Department of Justice and the Commodity Futures Trading Commission. read more »

Two former Herbalife executives in China face charges from U.S. Justice Department

WINSTON-SALEM JOURNAL

Two former executives with Herbalife Nutrition Ltd.’s Chinese subsidiary were charged Thursday by the U.S Justice Department with violating the federal anti-bribery and the internal control provisions of the Foreign Corrupt Practices Act. read more »

B&H dodged millions in taxes, New York attorney general alleges

THE VERGE

More than $7 million in taxes allegedly owed

Photography and video equipment retailer B&H knowingly failed to pay millions of dollars in sales taxes due in New York, according to a lawsuit filed today by the state attorney general.

The investigation started after a whistleblower brought the issue to the attorney general, according to the suit. Prosecutors are asking a court to force B&H to pay damages and penalties under New York tax law. read more »